The Credit Card Dilemma - Why Your Minimum Payment Never Really Shrinks

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Most people assume credit card debt is just bad math or bad discipline. It's actually the direct result of a single 1978 Supreme Court case almost nobody's heard of — one that quietly removed every state's ability to cap the interest rate a bank could charge you.
In this video: how a Nebraska bank, a Minnesota law, and one unanimous ruling changed the rules for every credit card issued in America since. Why your minimum payment is built to keep your balance moving sideways instead of down. What Visa and Discover actually made last year off the interest you're carrying. And the real math — using the actual average American balance — on what a single, unglamorous number does to a 14-year payoff timeline.
Three strategies show up in this video: paying more than the minimum, freeing up money to put toward the balance, and knowing your real numbers before you touch either of the first two. All three, and the exact math behind them, are covered start to finish.

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